Pivo Africa raises $2M seed fund to expand product offerings to supply chain SMEs
News Johnstone Kpilaakaa Nigerian-based fintech startup, Pivo Africa has secured a $2 million seed fund to expand its product offerings to African supply chain SMEs. Pivo team Globally, small and medium enterprises (SMEs) account for 90% of businesses and 50% of employment, according to the World Bank. As of 2020, Nigeria’s Small and Medium Enterprises
Stakeholders advocate collaboration among African Fintech startups
Stakeholders in the African Fintech startups have called for more collaboration in the ecosystem to achieve a common goal of improving the payment system across the African continent. Speakers at the just concluded 5th African Fintech Forum in the Ivorian capital city of Abidjan said the collaboration will also help them sustain the current growth
MEST Africa Challenge announces the top 5 finalists
MEST Africa has announced five finalists who have qualified to participate in the 2022 MEST Africa Challenge pitch competition They include Sproutly (Nigeria), Kweli (Senegal), Swoove (Ghana), Hisa (Kenya) and Desert Green Africa (South Africa) The pan-African pitch competition opened applications in July this year for pre-seed and seed-stage technology startups in Ghana, Nigeria, Senegal,
Multichoice’s accelerator programme is coming to 8 more countries
The Multichoice Africa Accelerator Programme, which disbursed $16 million in funding to six emerging tech businesses last year, is expanding to eight more African countries. According to a statement from Multichoice, the countries being added as beneficiaries of the programme are Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola, and Ethiopia. The MultiChoice Africa Accelerator
African central banks have different CBDC motivations – Ledger Insights
Today the Bank for International Settlements (BIS) published a paper on central bank digital currency (CBDC) in Africa, highlighting that motivations differ from other emerging market countries. In terms of progress, Nigeria has launched its eNaira retail CBDC, Ghana is in the pilot phase and South Africa ran a pilot for a wholesale CBDC. Mobile money is the dominant form of digital
The Donald Trump That Africans Don’t Know – THISDAYLIVE
A good reference point is the recent xenophobic attacks against other Africans in South Africa and Ghana, particularly against Nigerians in those …
IMF calls for stronger crypto regulation in Africa
One of the world’s fastest-growing markets for cryptocurrencies, the African market is being urged by the International Monetary Fund (IMF) to undergo greater regulation, as reported by Cointelegraph. According to Cointelegraph, the monetary fund cited the collapse of FTX and its impact on cryptocurrency prices as one of the reasons why countries in the region
Gabrielle Union felt ‘forged in fires of her ancestors’ during water ritual in Ghana – IOL
During the trip, Union and Wade – which included stops in South Africa, Tanzania, … all Nigerian, not even little pieces of anywhere else.”.
Master KG walks away as ‘Best Male in Southern Africa’ at Afrimma 2022
Kgaogelo Moagi, popularly known as Master KG, is at the top of his game after winning big at this year’s African Muzik Magazine Awards (Afrimma). The Jerusalema hit maker from Calais, a village outside Tzaneen in Limpopo, was nominated alongside some of Mzansi’s finest, including Focalistic, Zakes Bantwini and Dlala Thuzkin and other African stars
Africa in business: from bank notes to beauty – Yahoo News
Nigerian President Muhammadu Buhari unveiled a new set of naira … And finally, South African pharmacy chain Clicks Group has said it will expand …